16. On January 01, 2017, ASU Corporation issued $100,000 face-value bonds, with 6% interest payable at the end of year, that are due in 5 years. The current market interest rate for the bonds of the same rating is 4%. (1) Using the tables given, compute the selling price of the bonds as of January 01, 2017. (5 points) (3) Prepare journal entries on each of the following dates. (11 points) a) 01/01/2017 (2) Complete the following amortization table using effective-interest method. (21 points) Schedule of Bond Premium Amortization 5-Year, 6% Bonds Sold to Yield 4% b) 12/31/2017 Cash Date Interest Paid Interest Expense Bond Premium Amortization Carrying Value of Bonds 1/1/2017 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 c) 12/31/2021